September 30, 2015

  • ES nearing crucial support zone. Weekly trend line is broken but the bullishness will remain till price break below the shaded support zone shown in 2nd chart. Price staying below the weekly cloud will also keep the bears interested.
  • Resumption of the major trend if price moves back above the weekly cloud.

  • GAP and range high near 8100 levels will remain strong resistance levels. Supports are 100 Week SMA and 38.2% Fib level in month chart.


All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore